5 months on rocket

427 Lakeland St, Durham, NC, 27701

$485,000

Home List Price

$5,759*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,780 SqFt
$272/SqFt
House

Location

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427 Lakeland St, Durham$485,000

Buyer Closing Credits

$5,759*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1920
HeatingDuctless, Heat Pump
CoolingDuctless, Heat Pump, Multi Unit(s)
MLS #10032004
Lot Size0.10 Acres
StatusActive

About 427 Lakeland St

Fully Renovated 1920 single family. Strong bones of a 1920 quality built home turned into a special home in a great location. Take the footbridge across 147 to access all that vibrant downtown has to offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Living Area: 1,780 SqFt

Listing Office:

  • Office Name: West End Real Estate Group
  • Office Phone: (919) 625-7806
  • Listing Agent: John Crncic

Interior Features

Interior Information:

  • Flooring Type: Luxury Vinyl

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Private Yard

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Ductless, Heat Pump
  • Cooling: Ductless, Heat Pump, Multi Unit(s)

Other

Directions Information:

  • Directions: From 55 exit on Durham Freeway turn left on Lynwood to left on Matheson. Lakeland will be the 1st stop sign. Take a left and house is 3rd on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $485,000
  • Price Per SqFt: $272/SqFt

Tax Information:

  • Annual Amount: $774
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Durham, NC.

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Durham, NC

City

Med. Sold Price

$424.7K

Med. Price/SqFt

$233

Avg. Days On Market

35

# of Sold Homes

236

427 Lakeland St vs Durham

172 DAYS ON ROCKET

+137 Days

$485,000

+$60.2K More

$272/SqFt

+$38 More

KEY TAKEAWAY

This property is $60.2K more than the Median Sold Price and $38/SqFt more than other homes in Durham, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10032004

Listing Office:

  • Office Name: West End Real Estate Group
  • Office Phone: (919) 625-7806
  • Listing Agent: John Crncic

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 6:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 08, 2020Home Sold
$55,000
Aug 12, 2020Home Sold
$76,500

Tax History

YEARPROP. TAXASSESSMENT
2021$774$60,759
2020$755$60,759
2019 - $58,821
2018$517$38,136
2017$514$38,136

History based on county public records data.

Payment Calculator

$2,488

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,521

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-661227
7
/10

  • Burton Elementary School

  • 1500 Mathison St

  • 0.04 miles

  • Public Magnet Grades PK-5

school-card-donut-661228
9
/10

  • R N Harris Elementary School

  • 1520 Cooper St

  • 0.64 miles

  • Public Magnet Grades PK-5

school-card-donut-661229
6
/10

  • Eastway Elementary School

  • 610 N Alston Ave

  • 0.79 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,296. The most common annual income of people living in Durham, NC is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Durham, NC

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Durham, NC.

Durham's housing market is diverse, offering a range of options from historic bungalows to contemporary condominiums. Single-family homes are prevalent, making up a significant portion of the housing stock, with a mix of older, charming homes and newer constructions. Apartments and townhouses are also available, providing alternatives for those seeking a more urban living experience. The architectural styles in Durham are varied, with a blend of classic colonial, ranch-style, and modernist influences throughout the city.

What is it like to live in Durham, NC?

Durham is celebrated for its vibrant arts scene and entrepreneurial spirit. The community prides itself on a rich cultural heritage that is evident in its numerous festivals, live music venues, and the renowned American Dance Festival. The city's character is further defined by its commitment to innovation, with a bustling downtown that reflects a blend of historic preservation and modern development.

Is it easy to get around Durham, NC without a car?

The community is served by a robust educational system, including a number of public and private schools, as well as prestigious higher education institutions like Duke University and North Carolina Central University. Healthcare is well-represented with several hospitals offering a range of services from emergency care to specialized treatments. Durham also features a network of public libraries and a variety of shopping and dining options that showcase the local flavors and craftsmanship.

Transportation in Durham, NC.

Durham's transportation infrastructure supports both private and public transit options. The city has a comprehensive bus system that connects various neighborhoods and key points of interest. The area is also bike-friendly, with dedicated lanes and trails for cyclists. Major highways and thoroughfares such as Interstate 85 and Highway 70 facilitate easy commuting and travel to and from the city. Efforts are continually made to enhance the efficiency and accessibility of the city's transportation network.

Frequently Asked Questions About 427 Lakeland St

What is the listing price of this property?

The listing price of 427 Lakeland St property is $485,000.

What type of property is this?

The property 427 Lakeland St is a house located in Durham, North Carolina, 27701.

Is this property for sale now?

Active Listing: 427 Lakeland St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $774 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 8, 2020 for $55,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 427 Lakeland St has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 427 Lakeland St is 1,780 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 427 Lakeland St is 1920.

Rocket Homes›North Carolina›Durham County›Durham›27701›427 Lakeland St

This home is located at 427 Lakeland St in Durham, NC and zip code 27701. This 1,780 square foot home, which was built in 1920, sits on a 0.10 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 29, 2024 and is currently priced at $485,000.

In October 2024, from all listings sold in Durham, NC there were more than 50 sold above asking price, over 125 sold below and more than 61 were sold right at the asked price. In October 2024 in Durham, NC there were 2.8% more homes for sale than in September 2024. Listings spent 35 days on the market in October 2024, and had a median list price of $424,728 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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